I was perusing something the other day about how prices should be determined. In it, it stated the monopolies were not a problem basically (presuming they arise naturally). This leads me to believe austrians do acknowledge the concept of economies of scale, but I have heard rhetoric on other sites/f…

Of course they do. They also recognise diseconomies of scale, around which Mises’ problem of economic calculation is framed. This means that they realise that each firm has a theoretically optimum size.

Yes. Mises talks about it extensively in Human Action and considers it, and thereby big business, one of the greatest things that capitalism has given to mankind

I go into the concept of de facto vs. de jure monopolies here . This piece goes into more detail, and uses the case of Microsoft as an example.

There is economy of scale, but it is a myth that individual companies have an advantage/disadvantage based on size, which this thread discusses. An additional factor I didn’t consider at that time is the mentality explained in Robert Kiyosaki’s talk on the cashflow the quadrant.

Once again John, you post some very interesting articles, it is going to take me a while to read over/watch all of them since I work. However, some of the material I have reviewed such as this which seem to support/confuse the position Caley Mckibbin took: A monopoly in fact cannot ever take advan…

I think what Caley meant is that utilizing economies of scale is not a guaranteed advantage. It works under certain circumstances in certain industries and markets. Just the same not taking advantage of economies of scale in your business does not guarantee poor results either. Some high price good…

I suppose if he misinterpreted the “cannot take advantage” clause, maybe…but that doesn’t change what he said, let alone make it accurate. You’ll notice I included basically the same statement you quoted in my own write up here on the forum . I would work with Caley’s statement only if you stopped a…

I explained it in the thread I linked…

Do Austrain's acknowledge economies of scale?

Economics Economics Questions

John_James May 28, 2012, 11:33am 3

Doug French spoke on the diseconomies of scale from the perspective of mergers at the Mises Circle in Houston last year…

“Destroying Capital with the Printing Press” (transcript here)

Overt government power grabs...how reckless are they?

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Do Austrain's acknowledge economies of scale?

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